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1️⃣ Post original cont
The evening price comparison showed a fluctuating upward recovery rhythm, with overall strength being quite considerable, peaking at 113850 in the evening. The retracement long positions provided in the evening perfectly validated again, with short-term long positions reaching the expected direction as anticipated. The evening thoughts have been clearly stated: focus on BTC around 112000 for long positions, and focus on Ether around 4140 for direct long positions. In the evening, BTC directly reached 113800, gaining 1800 points, while Ether directly reached 4200, gaining 60 points. In the evening, the second retracement allowed for another long position to gain again. This rhythm is just like that; in fact, the strength in the afternoon laid the foundation for the evening's direction. The selling pressure from short positions will only reduce the obstacles for long positions. Compared to the space for a pump, the current retracement space is still defined as a correction rhythm that remains unchanged.
From the current perspective, the fact that the market sentiment has once again entered a correction phase is the best proof that the subsequent long positions are gaining strength. This also indicates that the price comparison is building a new rising platform. It can be seen that the long positions are both energetic and well-formed, and there will not be a reversal leading to a deep adjustment, at least not at the moment. Instead, the market will recover after the correction. In terms of the short-term price comparison trend structure, as the support below becomes stronger, the pressure above will continue to weaken. In the future, it is highly likely that long positions will continue to rise, although there may be pullbacks, we can still consider this as a means of accumulation for the long positions. Therefore, moving forward, we can maintain a primary long strategy to position ourselves.
BTC: 113200-112800 long target follow 115000
Ether: 4160-4140 long target follow 4280